Boeing 777X contract vote: 401(k)s too dangerous

Anyone who doesn’t need a pension, or out of jealousy needs one but knows that he or she won’t get one, feels pretty easy in giving away other people’s benefits. Maybe that is the reality of today, but that doesn’t make it the best course. Without pensions, people get into serious trouble after age or disability forces them out of the workforce. Some have family to rely on, others do not. And the GOP is hot to eliminate programs for the poor.

If 401(k)s really worked, businesses would be investing the pension money instead of eliminating pensions. The time has come for the U.S. to begin protecting American workers.

I would be curious to hear Mr. McKenna’s reaction to the suggestion that a consumer advocacy group set legal fees.

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